Schuman’s EURØP Stablecoin Gains Traction on XRP Ledger Under MiCA Rules

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Schumans EURØP Stablecoin Gains Traction on XRP Ledger Under MiCA Rules

• RippleX highlights Schumans EURØP as a MiCA-compliant euro-backed stablecoin built on the XRP Ledger.
• Schuman partners with Société Générale, Banking Circle, and ABN AMRO to ensure full fiat backing.
• The collaboration aims to strengthen Europes role in regulated on-chain finance.

RippleX has spotlighted Schuman‘s EURØP stablecoin as part of its push to advance regulated digital finance across Europe. The euro-backed asset, built on the XRP Ledger (XRPL), complies with the European Union’s Markets in Crypto-Assets (MiCA) framework.

In its post on X, RippleX said projects like Schuman‘s EURØP and Société Générale’s EURCV are helping bring “regulated value on-chain”. Both are built on XRPL, which is designed for secure, compliant financial operations.

RippleX also released Episode 4 of its video series, featuring Eduardo Morrison, co-founder of Schuman Financial. He discussed how EURØP is helping bridge traditional finance with blockchain innovation in Europe.

Ripples broader focus in Europe aligns with its strategy to build institutional-grade blockchain solutions in regions with clear regulatory frameworks. The XRP Ledger, optimized for fast, low-cost payments, is well-suited for stablecoins and cross-border use cases under MiCA.

Schuman‘s Role in Europe’s Digital Finance Ecosystem

Schumans goal is to help bring financial products on-chain for the European Union. Morrison, who also leads business development at Schuman Financial, said the company aims to position the euro strongly in the evolving digital economy.

“Europe must expand its on-chain presence as the global financial system moves toward blockchain,” Morrison said.

Founded by former Binance executives, Schuman holds an Electronic Money Token (EMT) license under MiCA, allowing it to issue regulated stablecoins. EURØP, its first product, launched in December 2024. Its fully backed by fiat reserves and designed with transparency and compliance in mind.

Backed by Trusted Banking Partners

To meet regulatory standards, Schuman partners with major European banks like Société Générale, Banking Circle, and ABN AMRO. These banks hold the euro reserves backing EURØP, ensuring each token is supported by verifiable funds.

This setup meets MiCAs requirements for reserve management and transparency. Morrison noted that these partnerships enable Schuman to serve institutions and businesses that need secure, euro-denominated transactions on-chain.

“Stablecoins are vital for exchange operations,” he said, adding that EURØP addresses a gap in a market currently dominated by U.S. dollar-based stablecoins.

Building Cross-Border Efficiency on XRPL

By using Ripples XRPL, Schuman plans to improve cross-border payment efficiency, starting with U.S. dollar-to-euro corridors. The aim is to enable instant, regulated transfers using stablecoins.

XRPL offers low transaction costs, fast settlements, and strong scalability, features Morrison said are key to broader institutional use..

RippleX added that its work with Schuman and other European projects is focused on bringing compliant, tokenized assets to the XRP Ledger, helping to grow institutional adoption of blockchain finance.